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Charlotte, NC-based Capital Bank Financial Corp. said Thursday it will be acquired by Memphis, Tenn.-based First Horizon National Corp. The combined company is expected to have $40 billion in assets, as First Horizon’s $30 billion combines with Capital Bank’s $10 billion.

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Charlotte, N.C.-based based Park Sterling Bank announced Thursday it has agreed to merge with Columbia, S.C.’s South State Corp. The companies said the deal, which still requires regulatory and shareholder approvals, is expected to create a franchise with $14.5 billion in assets with a footprint across the Carolinas, Virginia and Georgia.

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The Federal Reserve and Federal Deposit Insurance Corporation said Monday that Wells Fargo has fixed deficiencies in its federally required “living will,” a blueprint required by the Dodd Frank law to detail how the bank could be dismantled in a failure without relying on taxpayer bailouts.

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Wells Fargo said it is expanding a class-action settlement over the San Francisco based bank’s fake accounts, opening the deal up to customers affected by the sales scandal as far back as May 2002 following findings from its recent board investigation.

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In a report Wednesday, the Office of the Comptroller of the Currency said it knew of sales practices issues at San Francisco-based Wells Fargo since at least 2010 – six years before the sales scandal would erupt in September with $185 million in fines from OCC and other authorities.

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Last month marked the third time the Federal Reserve has raised interest rates since the financial crisis, but Charlotte, NC-based Bank of America still hasn’t passed on those increases to many of its customers.

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Charlotte, N.C.-based Bank of America’s settlement follows a 1993 U.S. Department of Labor review of NationsBank’s Charlotte office in which DOL said it found “systemic” hiring violations against black applicants for entry-level jobs.

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Titi Cole, whose prior role included overseeing consumer credit strategy, will remain in Charlotte, NC, in her new post, Wells Fargo announced this week. She is succeeding Jerry Enos, also based in Charlotte and who is retiring after more than 35 years with Wells Fargo and predecessor Wachovia.

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In a report this week, Glass Lewis cites the “reputational damage inflicted on the company” from the sales scandal that erupted in September. All four members sit on San Francisco-based Wells Fargo’s corporate responsibility committee, which showed “failure to properly fulfill its stated duties,” the report says.

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The Occupational Safety and Health Administration said Wells Fargo must compensate and immediately rehire a whistleblower who worked in the Los Angeles area and was terminated in 2010. According to OSHA, the San Francisco-based bank retaliated against the employee after he reported separate incidents of suspected fraud by bankers under his supervision.

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The move comes as Charlotte-based Bank of America already offers wealth management and commercial and business banking services in the Indianapolis area. Bank of America used a similar approach when it expanded into other markets in recent years.

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The size of the fine, U.S. Bankruptcy Court Judge Christopher Klein said, reflects Charlotte-based Bank of America’s “high degree of reprehensibility” and is meant to be an amount that “won’t be laughed off in the board room.”

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The Wells Fargo class-action settlement, which still requires court approvals, is expected to encompass anyone who claims the San Francisco-based bank opened accounts or enrolled them in products without their consent. Those customers must have been affected by the practices from a period covering January 2009 until last September, when the bank agreed to $185 million in fines with authorities.

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Addressing employees at a town hall-style meeting in Orlando, Fla., Wells Fargo CEO Tim Sloan said the campaign will be built around the theme “Building Better Every Day.” It marks the San Francisco, California bank’s first new national ad push since October, when a “Commitment” campaign including TV and full-page newspaper ads was rolled out following news of its sales scandal in September.

Deon Roberts covers Charlotte's banking and financial sector for the Observer. If you have an idea or (even better) a news tip to share, email him or call (704) 358-5248, and follow him on Twitter at @DeonERoberts.

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